Post Tagged with: "renewable energy"
Exclusive: Oil major BP to cut 15% of workforce
LONDON – BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday.…
Helping China cut carbon emissions isn’t a financial game every business can play
BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus …
The world’s ‘largest all electric commercial aircraft’ completes its first flight
The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies.
The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, …
Details released of a huge offshore wind turbine that can power 18,000 homes per year
Siemens Gamesa Renewable Energy (SGRE) has released details of a 14-megawatt (MW) offshore wind turbine, in the latest example of how technology in the sector is increasing in scale.
With 108-meter-long blades and a rotor diameter of 222 meters, …
Coronavirus widens climate rift between European and U.S. oil majors
LONDON – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel …
America’s ‘clean energy’ workforce projected to fall by 15% in months ahead
Over 106,000 people working in the U.S. “clean energy” sector lost their jobs in March as the industry struggled to soften the impact of the coronavirus pandemic, it was claimed Wednesday.
The analysis of Department of Labor data, released …
Equinor powers ahead with floating wind turbines despite oil crash
OSLO – Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said.
The long-planned project is …
The coronavirus is hitting renewable energy supply chains and factories, and could slow the global energy transition
Global renewable energy capacity hit 2,537 gigawatts (GW) at the end of last year, an increase of 176 GW compared to 2018, but the coronavirus continues to cast a shadow over the sector’s prospects for 2020, impacting both supply
How long will the slowdown in renewables last?
Oil & Gas 360 Editors Note: Trevor d’Olier-Lees writes an excellent article looking at the renewable market, and if a downturn is on the horizon. The key take away’s from the article are surrounding the removal of tax incentives …
TransAlta Renewables Reports Fourth Quarter and Full Year 2019 Results, Declares Dividends and Provides Outlook for 2020
TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) announced today solid financial results which were at the upper-end of its guidance for the three months and year ended December 31, 2019, along with its 2020 outlook.
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Wind has become the ‘most-used’ source of renewable electricity generation in the US
Last year saw wind generation in the U.S. overtake hydroelectric generation for the first time, according to data from the U.S. Energy Information Administration (EIA).
Released Wednesday, the figures from the EIA’s “Electric Power Monthly” report show that yearly …
Congressman Latta visits Bluffton’s AEP grid battery system
BLUFFTON — Congressman Bob Latta said Tuesday while touring an AEP storage system in Bluffton that energy storage technologies have the potential to increase the viability of renewable energy sources.
“It’s about looking at nuclear energy, clean coal …
Solar and wind power can’t compete with gas this cheap
This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within …
Saudi Arabia joins club of Middle East’s ‘green energy’ leaders
Key Points: Government plans to invest up to $50bn in renewable energy projects by 2023 – Demand for electricity in the Kingdom is forecast to rise by up to 120 GW by 2030
ABU DHABI: Saudi Arabia …
UAE to double renewable energy portfolio in next ten years: ADNOC
ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. …
Shell to buy French floating wind farm specialist
Source: Reuters
LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business.
EOLFI has largely focused on solar and wind projects, including offshore wind …
Reaping wind at sea could become $1 trillion industry: IEA
Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday.
Renewables replacing fossil fuel is …
Wells Fargo inks solar deal with NRG
Source: Houston Chronicle
Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy.
The agreement will provide about 62,000 megawatt hours of …
Solar expected to lead renewable development in next five years: study
Source: Houston Chronicle
Global capacity of renewable power is expected to grow by 50 percent in the next five years, reflecting a surge in new solar energy systems on commercial buildings, industrial sites and homes.
The Paris-based International Energy Agency …
Big Oil’s renewable shift seen flooding shareholders with cash
Source: Houston Chronicle
Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy.
Majors such as …
First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns
From Reuters
Trump administration infighting is holding up approval of the first major U.S. offshore wind energy project, with agencies sparring over whether the proposal does enough to protect the fishing industry, according to interviews and agency documents.
The delays …
Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says
From CNBC
Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.
Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas …
America’s LNG Boom on a Collision Course with Global Climate Movement
From CNN Business/NBC2
America’s liquefied natural gas boom has a climate change problem, according to a report released on Monday.
The US energy industry is scrambling to build dozens of expensive export terminals that can be used to ship cheap …
Wells Fargo Leadership Transitions
Wells Fargo Renewable Energy Leadership Transitions
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